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Unformatted text preview: the end of the year)* (c) Noncurrent = 7,742,879 *Note: payment of 4,105,640 represents 3,108,420 of principal payments and 997,220 of interest 2. (a) Dr Cash 37,657,420, Dr Bond Discount 3,342,580 Cr Bonds Payable 40,000,000 (b) Liability = 37,657,420 (i.e. 40,000,000 – 3,342,580) 3. More. Due to amortisation of the discount. The bonds are issued at a discount so the market rate is higher than 7.2%....
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This note was uploaded on 03/19/2012 for the course ACCT 1511 taught by Professor Kim during the Three '10 term at University of New South Wales.
- Three '10